Trump praises Obama for his work on the national debt

PurpleThrobber said:

UWhuskytskeet said:

HoustonHusky said:

I thought you'd link to the morons at Politifact who said even though its actually is true its false.

The only morons are those that don't understand how quarterly tax payments work. Trump hasn't even created a budget yet, him taking credit for this is actually dumber than taking credit for the stock market.

I'm actually shocked that even a simpleton like him doesn't understand the concept.

So Trump got the benefit of quarterly tax payments in his first month (January 2017) but Obama didn't get the benefit of quarterly tax payments in his first month (January 2009)? I'm not following your train of thought with that last comment. Please clarify.

I don't recall postponement of Form 941 filings in 2009 except as mandated for those serving in combat zones or federally declared disaster areas - and even then the postponement was for payments themselves, not the filings from which the data would be derived.

#payrolltaxsuperiorityguy

2001400ex said:

PurpleThrobber said:

2001400ex said:

PurpleThrobber said:

UWhuskytskeet said:

HoustonHusky said:

I thought you'd link to the morons at Politifact who said even though its actually is true its false.

The only morons are those that don't understand how quarterly tax payments work. Trump hasn't even created a budget yet, him taking credit for this is actually dumber than taking credit for the stock market.

I'm actually shocked that even a simpleton like him doesn't understand the concept.

So Trump got the benefit of quarterly tax payments in his first month (January 2017) but Obama didn't get the benefit of quarterly tax payments in his first month (January 2009)? I'm not following your train of thought with that last comment. Please clarify.

I don't recall postponement of Form 941 filings in 2009 except as mandated for those serving in combat zones or federally declared disaster areas - and even then the postponement was for payments themselves, not the filings from which the data would be derived.

#payrolltaxsuperiorityguy

Um. Not 941s. But yes the periods are comparable. And neither one had an effect as they were in office for 10 days. But what happens is, January, April, July and October are typically the biggest collection months, with April the highest.

But keep sucking Trump's dick.

Yes, you dumb motherfucker. Federal payroll taxes are reported quarterly on Form 941. They are due the last day of the month following the end of the quarter. Tax payments are due then (unless you're a fucking bi-weekly or monthly depositer). Actual physical payments are accompanied with Form 941-V (a voucher) or paid electronically.

Unless you want to report FUTA which is Form 940 filed once per year (also reported and also due in January).

I told you - #payrolltaxsuperiorityguy. Now STFU and let @UWhuskytskeet clarify what he meant.


https://www.irs.gov/uac/about-form-941

941s aren't due quarterly anymore.

Deposit Due Dates
In general, you must deposit federal income tax withheld and both the employer and employee social security and Medicare taxes.

There are two deposit schedules, monthly and semi-weekly. Before the beginning of each calendar year, you must determine which of the two deposit schedules you are required to use. The deposit schedule you must use is based on the total tax liability you reported on Form 941 during a lookback period. See special rules for Forms 944 and 945. Schedules for depositing and reporting taxes are not the same.

You must use electronic funds transfer (EFTPS) to make all federal tax deposits.

Carry on.

2001400ex said:

PurpleThrobber said:

2001400ex said:

PurpleThrobber said:

2001400ex said:

PurpleThrobber said:

UWhuskytskeet said:

HoustonHusky said:

I thought you'd link to the morons at Politifact who said even though its actually is true its false.

The only morons are those that don't understand how quarterly tax payments work. Trump hasn't even created a budget yet, him taking credit for this is actually dumber than taking credit for the stock market.

I'm actually shocked that even a simpleton like him doesn't understand the concept.

So Trump got the benefit of quarterly tax payments in his first month (January 2017) but Obama didn't get the benefit of quarterly tax payments in his first month (January 2009)? I'm not following your train of thought with that last comment. Please clarify.

I don't recall postponement of Form 941 filings in 2009 except as mandated for those serving in combat zones or federally declared disaster areas - and even then the postponement was for payments themselves, not the filings from which the data would be derived.

#payrolltaxsuperiorityguy

Um. Not 941s. But yes the periods are comparable. And neither one had an effect as they were in office for 10 days. But what happens is, January, April, July and October are typically the biggest collection months, with April the highest.

But keep sucking Trump's dick.

Yes, you dumb motherfucker. Federal payroll taxes are reported quarterly on Form 941. They are due the last day of the month following the end of the quarter. Tax payments are due then (unless you're a fucking bi-weekly or monthly depositer). Actual physical payments are accompanied with Form 941-V (a voucher) or paid electronically.

Unless you want to report FUTA which is Form 940 filed once per year (also reported and also due in January).

I told you - #payrolltaxsuperiorityguy. Now STFU and let @UWhuskytskeet clarify what he meant.


https://www.irs.gov/uac/about-form-941

941s aren't due quarterly anymore.

Deposit Due Dates
In general, you must deposit federal income tax withheld and both the employer and employee social security and Medicare taxes.

There are two deposit schedules, monthly and semi-weekly. Before the beginning of each calendar year, you must determine which of the two deposit schedules you are required to use. The deposit schedule you must use is based on the total tax liability you reported on Form 941 during a lookback period. See special rules for Forms 944 and 945. Schedules for depositing and reporting taxes are not the same.

You must use electronic funds transfer (EFTPS) to make all federal tax deposits.

Carry on.

They are if you haven't paid in regularly during the quarter for the balance.

HTH

The quarterly bump in revenues is not from 941 payments. That fact remains.

UWhuskytskeet said:

PurpleThrobber said:

UWhuskytskeet said:

HoustonHusky said:

I thought you'd link to the morons at Politifact who said even though its actually is true its false.

The only morons are those that don't understand how quarterly tax payments work. Trump hasn't even created a budget yet, him taking credit for this is actually dumber than taking credit for the stock market.

I'm actually shocked that even a simpleton like him doesn't understand the concept.

So Trump got the benefit of quarterly tax payments in his first month (January 2017) but Obama didn't get the benefit of quarterly tax payments in his first month (January 2009)? I'm not following your train of thought with that last comment. Please clarify.

I don't recall postponement of Form 941 filings in 2009 except as mandated for those serving in combat zones or federally declared disaster areas - and even then the postponement was for payments themselves, not the filings from which the data would be derived.

#payrolltaxsuperiorityguy

They were both in office for a little over a week of January of each year, so even hinting that they either had an impact on the surplus/deficit is dumb.

The congressional budget office projected a $1.2T deficit before Obama even took office primarily because it was in the middle of the recession and tax receipts were down significantly while spending was largely unchanged.

http://money.cnn.com/2009/01/07/news/economy/cbo_2009_budget_outlook/